Kindred Healthcare (NYSE: KND) on Tuesday announced a definitive agreement to be acquired by a consortium of three companies—Humana Inc. (NYSE: HUM); TPG Capital; and Welsh, Carson, Anderson & Stowe (WCAS)—for about $4.1 billion in cash.
The deal is anticipated to close during the summer of 2018, pending certain closing conditions and agreements among stakeholders.
Ventas Inc. (NYSE: VTR), a Chicago-based real estate investment trust (REIT) that owns 30 long-term acute care hospitals and inpatient rehab facilities operated by Kindred, is supportive of the transaction.
“We look forward to continuing our partnership with Kindred and working with the new owners as they drive above-market growth and serve increasing numbers of medically-complex patients,” Ventas CEO Debra Cafaro said in a press release.
To learn more about the deal, head over to Home Health Care News.
Written by Mary Kate Nelson